Greece: The IMF Flag Reads ECONOMIC SLAVERY . . . and Inflation Maximizing Fund

Stacy Summary:    Greece will dominate the news for the next few days.  The first article is the original Greek version of the article you have read translated; it has only just made it to this online version below.  The second article I re-post because the journalist for the first piece is going to write an article about Matt Taibbi’s article on No Payment.

149 comments on “Greece: The IMF Flag Reads ECONOMIC SLAVERY . . . and Inflation Maximizing Fund
  1. The Dork of Cork says:

    Euro has gone into a vertical ascent !

  2. Marc Authier says:

    @Dork

    Not really. Peter Schiff says that the Greek bankruptcy is a good thing. It means that Europe intends put in order the greek the pigstye. That’s what are indicating the markets. Axel Merck said the same thing. In sum markets are voting euro because fiscal discipline is coming back in Europe.

    NOT THE CASE IN THE USA.

  3. Marc Authier says:

    Fiscal discipline is back in Europe contrary to the USA. That’s why it’s going vertical. Letting Greece go bankrupt is a good thing.

  4. frances snoot says:

    @Marc:
    Peter Schiff would make a good Christian Social Democrat. I wonder what you term Nazi, Marc.

  5. frances snoot says:

    Making Germany put their assets on the bank books instead of sweeping them into a ‘bad bank’ would be a good thing: a fair thing. Don’t you think so, Marc?

  6. Youri Carma says:

    Anti-Slavery Day Bill http://www.publications.parliament.uk/pa/ld200910/ldbills/030/10030.1-i.html

    So there will be one day in the year that you are not a slave.

  7. Youri Carma says:

    School principal Cathy Beck said the students were offered the chance to be Tasered. http://www.denverpost.com/news/ci_14849073?source=rss

  8. The Dork of Cork says:

    @Marc
    Well I keep banging on how you can tolerate a situation where the base money of a country is junior to private bank debt.
    If a country cannot service its states debt after the private bank debt has gone the way of the Dodo so be it.
    But before a country defaults on its citizens money all other debts should be marked to zero .
    The failure to do this seems to me a indication of the contrived nature of this crisis.
    I for one only bought the shiny stuff only after hearing about Obamas econimic apointments and also our own sordid domestic crisis – where they are prepared to sacrifice the peoples money for bets that did not work out.

    Although Greece has a large public debt to start with that is also core money as well as debt
    In a crisis with a honest goverment who still belived in the debt money system this would be the logical answer

  9. Marc Authier says:

    @Frances

    Peter Schiff doesn’t like Goldman Sachs and the banking fraudsters that created this terrible mess. A lot of right wing thinkers don’t like the bankers in the USA. Peter Schiff is right about Greece. Sorry. Bankruptcy is the only solution. Same thing for the USA and the FED.

    Ron Paul is a good example of what the world needs.
    A free trader, a pacifist, a libertarian, a CIA and a FED hater, an anti-imperialist, a small government promoter, a real “free” markets promoter. I lost too much money in the USA these last years to not know what Schiff is talking about.

    I started to recoup my losses when I totally boycotted and ignored the US markets. The more I read about banking and the fractionnal reserve fraud, the more I share Ron Paul’s and Peter Schiff beliefs. The FED is a fraud. So is all central banking.

  10. frances snoot says:

    Peter Schiff represents an old fruitcake given at holidays to several families and now still represented by the tyranny of direct descent:

    http://mises.org/daily/3678

  11. Marc Authier says:

    @Dork

    THE SYSTEM ? Easy. FREE MONEY for the oligarchs. Government creates limitless paper for himself, gives it at 0% to its buddies that control the government. The government borrows the same money from the buddies at interest. Some crumbs are left to the private sector for lending at prohibitive rates, And if systemic shit hits the fan ? The government use the IRS or inflation to mop up the buddies vomit. That’s about it.

  12. Youri Carma says:

    Top U.S. banks reportedly masked risk levels – Major firms said to have cut repo borrowing by 42% before reporting figures http://www.marketwatch.com/story/top-us-banks-reportedly-masked-risk-levels-2010-04-09

    NY state masks deficit by “shuffling” money http://www.reuters.com/article/idUSTRE6344PH20100405

  13. Marc Authier says:

    Ah well. Old fruticakes new fruicales ? Is he an homo ? Don’t they use fruit or fruitcake in a deragatory manner ? Never knew why they used fruits ? Fruits are excellent for health. So are fruitcakes. Must be careful for the calories although.

  14. frances snoot says:

    Marc, I was referring to the nuts.

  15. The Dork of Cork says:

    @Snott
    you seem to be involved in a Finkelsteinian civil war – my guess is that you are greatly outnumbered.
    But I suppose there is some honour in a valiant defeat.

  16. Youri Carma says:

    After shorting subprime, Eisman says short AIG – Equity holders could lose $23 billion, FrontPoint’s Eisman estimates http://www.marketwatch.com/story/after-shorting-subprime-eisman-says-short-aig-2010-04-08

  17. skippy says:

    Wondering if Deadria Farmer-Paellmann is going to be seeking reparations from our owners on behalf of all economic slaves ?
    Deadria Farmer-Paellmann set aside a promising law career to become one of the foremost researchers into the links between the slave trade and American corporate interests of the nineteenth century. In 2002 she gained media attention for launching a lawsuit that demanded reparations for the descendants of American slaves, based on the premise that several U.S. corporations had profited from the practice of slavery in the years before the Civil War of 1861-65. Named in the suit was Aetna, the largest insurer in the United States, along with a financial corporation and a railroad. “They have played a role and they should be held responsible,” said Farmer-Paellmann in an interview with Virginia Groark of the New York Times, adding, “And later on down the road there will be more companies.”
    http://www.answers.com/topic/deadria-farmer-paellmann

  18. Neville Bartos says:

    http://www.youtube.com/watch?v=ZZ53MotCoVk

    CIA on Trial: Italy – 16min Documentary

  19. The Dork of Cork says:

    @Mark
    Well that money is the peoples exchange also – the government is now corrupted beyond hope by the promise of fiat paper.
    I would have been tolerent of the present system of money creation if the guys who took bad debts took real loses but the beauty of this financial crisis is that it has exposed the corruption to all that wish to see.
    This has now radicalized my opinions on the subject since up to recently I was in cash believing when the crisis would come bad investments would be destroyed – how foolish I was

  20. frances snoot says:

    @Dork:
    I don’t really considered myself a part of any nomimal cause, so I wouldn’t really be on the line per se.

  21. Dedo says:

    I heard there was a fight!

  22. Marc Authier says:

    @Dork
    Yers. Government doesn’t exists.
    The government is a bank apparatus today. Nothing else.

  23. The Dork of Cork says:

    Schiff is a puritan – he seems oblivious to the wider political context of his economic views but I have my doubts.
    My feeling is that there is a great civil war brewing within elite circles of the west and America in particular.
    The older banking elite have clearly fucked up and are desperately trying to hold on – other forces such as Ron Paul and Schiff smell blood in the water and are becoming more aggressive.
    Who wins this fight I have no idea but I feel that extreme libertarians will impose legal freedoms but there economic policies will merely bring back the politics of the plantation with the minor difference that you are free to leave if you want but you are then doomed to starve.
    The obvious lack of imagination of these would be kings makes it clear to me that their reign would not be a lasting one.

  24. zaphodity says:

    It’s all Greek to me.

  25. Marc Authier says:

    @Dork

    Finkelsteinian or Frankensteinian ? Ah !!! I think personnally everything is all a bad joke. A real bad joke. What has Finkelsteinianism has to do with it ? Is it a religious movement. Who’s he ? Never heard of Finkelstein.

    @Snoot

    Nuts are good for you. Filled with vitamin D and omega 3. I like nuts Snoot. Must be one of them.

  26. frances snoot says:

    “The dollar will be headed not to be the world’s reserve currency in five or six years”…

    http://www.businessinsider.com/henry-blodget-recovery-what-recovery-the-us-is-completely-screwed-howard-davidowitz-2010-4

  27. frances snoot says:

    @Marc:
    I’ll agree: I see you as a cash-ewe.

  28. Marc Authier says:

    @Dork

    Ron Paul has one good idea in his platform. Legalizing all drugs and quitting this stupid war on drugs (which is a total fraud) would help destroying the Pentagon, the police state, the CIA and the New-Yorl banksters. Most budgetary problems could be resolved in the world by simply legalizing ALL drugs. And it would kill the arn’s business and the state and banking parasites.

  29. The Dork of Cork says:

    Jesus I hate it when you can’t edit my comments after posting – sometimes I must seem like a real honest to goodness Dork.

  30. Marc Authier says:

    @Dork
    Right wingers that dominate USA today are fascists and nazis, not libertarians.

  31. Marc Authier says:

    @Dork
    Me too. “Anglish” is not my “mouther” “tong”. Don’t you love your typo errors Dork ? It gives it a certain “cachet”.

  32. Danny says:

    If y’all have the option, would you buy your gold/silver in euros or pounds? silly question probably but my head here is melted!

  33. Youri Carma says:

    There they come again with all those bogus reasons why oil should climb or fall by Youri Carma (FPP) http://forum.prisonplanet.com/index.php?topic=166047.0

    Oil’s moves leave traders scratching their heads by Myra P. Saefong (MarketWatch) http://www.marketwatch.com/story/oils-moves-leave-traders-scratching-their-heads-2010-04-09?pagenumber=1

    ‘The price of oil seems to reflect an optimism in economic growth by traders that is not shared by Main Street or evident in the statistics.’ – James Williams, WTRG Economics

  34. The Dork of Cork says:

    @Mark
    sure I like his anti corruption thing but if he believes that a modern economy can survive and thrive on honest money alone he is greatly mistaken.
    There is 6 billion + on this planet and it will not function any better if we are all honest market participants seeking our own self fortune.
    For instance in a conversation in zero hedge land one of the bloggers seemed to think that the oil crisis will be solved when the price mechanism will factor in its true scarcity value and that’s it problem solved.
    I stated that the market cannot factor in a finite resourse.
    There is a difference between a scarce renewable resourse and a resourse of finite size whose capital is reduced over time.
    A scarce renewable resourse can function in a proper market but the market does not see and react to hidden information
    This lack of imagination amongst free marketeers is their greatest weakness – they believe the human mind can be contracted out to the mindless force of the free market.
    but the real world is much more complicated then a idea

  35. Youri Carma says:

    Yessssss!!!! Gold Always believe in …. Gold, Your indestructible, GOLD!!!
    http://www.youtube.com/watch?v=ntG50eXbBtc

    Brad Neely – Bring The Gold http://www.youtube.com/watch?v=_qO66Rmi1Mw

    Gold futures rise to three-month highs 9 April 2010, by Polya Lesova (MarketWatch) http://www.marketwatch.com/story/gold-futures-rise-to-three-month-highs-2010-04-09

  36. Danny says:

    @Dork
    Euros or pounds!? :D

  37. The Dork of Cork says:

    @Danny
    I hate giving investment advice but I can tell you that I am holding on to rest of my Euros because of the unpayable debts within the Anglo American system (although Spain Ireland and Portugal are in deep trouble)
    I would offload my pounds and keep my Euros in my hand – although most of my Euros are in Irish Government debt so I could be owning punts soon.

  38. The Dork of Cork says:

    @Mark
    I was referring to Norman Finlelstein

  39. The Dork of Cork says:

    sorry Norman G Finkelstein

  40. Danny says:

    @Dork
    Yet again, you’ve exposed me as a charlatan! geeez, you’ve got your fingers in alot of pies. All I got is hope, a bottle of coddle and a packet of marietta.

  41. The Dork of Cork says:

    Holding Irish Government debt is not really rational – see bailouts here here here and there , Quinn group bondholders are now getting a bailout courtesy of the collective gombeen citizens of this great little country !
    Yet there is always hope that they will do the right thing in the end when all others have been exhausted.
    Churchill once said something along those lines about America – lets hope he is right about America and maybe Ireland

  42. Marc Authier says:

    @Dork
    Well. Maybe to wipe your bottom with ? Bonds are quite useful. You can use them for wallpaper. That’s what will happen to Greece’s bonds, And the irist ones too. Personnally I use them when I have a big paint job.

  43. Mini US says:

    USD up, then Euro up, then down, then …..

    The Banks Forex traders are making a fortune while we all try and decide what is going to happen.
    They are just toying with these currencies.
    “All bets on, ok short”
    “All bets on, ok long”
    Etc.

    With the profits they just buy precious metals, land, etc hence the rise in these metals for the last ten years.
    They are just buying time and preparing :)

  44. jon says:

    mini@, true, The big boys have a time line. They’re just having a great time now off of stealing trillions. don’t know what comes next. Not something good.

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